On 9/4/13 6:45 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 4:44 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message

There's nothing mythical about depreciation allowances, and they are
subsidies.

Period.

----------------------------

My business made significant investments in manufacturing and
engineering equipment. They were depreciated as allowed under tax laws
every year. I never knew they were a "subsidy".




Same sort of subsidy as homeowners get on their mortgage interest.

-------------------------------------

How the heck is that a "subsidy"?

Does MD have an excise tax on automobiles like MA does?

Should you pay taxes on the current new value of a car, even if it's 10
years old?

You don't think the home mortgage tax deduction is a subsidy of home
ownership?